According to figures published by the Bermuda Stock Exchange (BSX) and the Artemis Deal Directory & Dashboard, 62 new transactions resulted in a record amount of catastrophe bonds being issued in 2017 ($12.56 billion), with ILS listings on the BSX also reaching a high of almost $26 billion.

Appleby, whose Bermuda office has considerable experience in the insurance sector, was involved in more than two-thirds of the Bermuda-based deals and the majority of all the deals globally. These transactions were some of the highest value and innovative catastrophe bonds issued during 2017, including new and repeat issuers as well as collateralised reinsurance (or “cat bond lite”) structures.

Should you have any queries or wish to obtain any advice regarding ILS transactions, please do not hesitate to contact our insurance specialists.

Share
Twitter LinkedIn Email Save as PDF
More Publications
5 Dec 2019 |

BMA forms view on cannabis related risk

The Bermuda Monetary Authority has confirmed that it will not object to BMA-supervised entities cond...

2 Dec 2019 |

Implications of the Privy Council’s decision in the ‘belonger’ case

Bermuda’s final appeals court has handed down its decision in a long-running case which had the po...

21 Nov 2019 |

BMA releases guidance on outsourcing

For many companies, outsourcing is essential in allowing them to cost effectively and efficiently pr...

15 Nov 2019 |

New Family leave rights on horizon

Working families will benefit from more generous leave entitlements in the New Year. When it comes i...

31 Oct 2019 |

What to expect from the new Wage Commission

A Wage Commission is to be established under recent legislation, in a step which may lead to a minim...

25 Oct 2019 |

Reinsurers optimistic about market outlook

Optimism is high in the reinsurance industry this year, according to Brad Adderley, partner at offsh...

24 Oct 2019 |

Bermuda responding to needs of fintech industry

Bermuda’s emergence as the offshore jurisdiction of choice for fintech companies seeking to operat...

11 Oct 2019 |

Purpose-built ISAC a boon for Bermuda

The long-awaited Incorporated Segregated Accounts Companies Act 2019 was tabled in the House of Asse...

3 Oct 2019 |

Maternity/Paternity Leave – Anticipated Amendments to the Employment Act

The Employment (Maternity Leave Extension and Paternity Leave) Amendment Act 2019 (Bill) (2019 Amend...

26 Sep 2019 |

Introduction of the new Collateralised Insurer class

Members of the ILS Bermuda Market Intelligence workstream hosted a roundtable to discuss the Bermuda...